As part of a multilateral trade pact being negotiated at the World Trade Organization (WTO), New Zealand and Canada have to cut their import tariffs on a number of environmental goods and it was announced on July 8, 2014. According to their negotiations, it will mean cutting environmental tariffs, which average 35% globally, to about 5%. This will mean liberalizing market access for rival goods for New Zealand. The negotiations will be open to any WTO member committed to liberalization and aspiration due to help free trade in environmental goods. It will also include the United States, China, the European Union, and Japan.
Related Posts
New Zealand: Green Party’s election tax policy targets large corporations
The Green Party of New Zealand has released its 2026 tax policy, “A tax system for all of us,” proposing a broad restructuring of the country's tax framework aimed at reducing wealth inequality, increasing contributions from large corporations
Read MoreCanada: Spring Economic Update 2026 receives Royal Assent
Canada’s Department of Finance announced that Bill C‑30, An Act to implement certain provisions of the Spring Economic Update tabled in Parliament on 28 April 2026, has received Royal Assent on 19 June 2026. It delivers targeted measures to
Read MoreFiji, New Zealand to conduct third round of income tax treaty negotiations
According to an update issued by New Zealand's Ministry of Foreign Affairs and Trade, representatives of Fiji and New Zealand are scheduled to conduct a third round of negotiations on a new income tax treaty in August 2026. If an agreement is
Read MoreCanada looks to bilateral trade deals amid CUSMA extension effort
Canada is preparing to pursue bilateral trade agreements with the US alongside the review of the Canada-United States-Mexico Agreement (CUSMA), Trade Minister Dominic LeBlanc said on Thursday, 11 June 2026. Speaking at a conference in Toronto,
Read MoreNew Zealand, UK sign new income and capital tax treaty
New Zealand Inland Revenue has announced that a new income and capital tax treaty with the UK was signed on 1 June 2026. The treaty applies to New Zealand income tax and to UK income tax, corporation tax and capital gains tax. According to
Read MoreNew Zealand: Inland Revenue issues guidance on GST for low-value pre-registration goods, services
New Zealand Inland Revenue has issued Tax Information Bulletin - June 2026 on 22 May 2026, which includes Commissioner's statement (CS) 26/02: GST treatment of low value pre-registration acquired goods and services, among other
Read More